Music booking powerhouses Live Nation Entertainment and AEG have announced that they will be suspending all tours amid concerns surrounding the coronavirus.

According to a press release via HipHopDx, Live Nation and AEG “have come together to form a global task force to drive strategic support and unified direction ensuring precautionary efforts and ongoing protocol are in the best interest of artists, fans, staff, and the global community.”

The statement continued, “At this time, we collectively recommend large scale events through the end of March be postponed. We continue to support that small scale events follow guidance set by their local government officials. We feel fortunate to have the flexibility to reschedule concerts, festivals, and live events as needed, and look forward to connecting fans with all their favorite artists and live entertainment soon.”

Live Nation and AEG’s tour cancellation comes after news of SXSW festival being canceled and the postponement of Coachella.

Austin’s Mayor Steve Adler announced on March 6 that the SXSW festival would be cancelled due to the coronavirus. “The city of Austin has cancelled the March dates for SXSW and SXSW EDU. SXSW will faithfully follow the City’s directions,” SXSW posted to Twitter following the announcement.

The tweet continued, “We are devastated to share this news with you. ‘The show must go on’ is in our DNA, and this is the first time in 34 years that the March event will not take place. We are now working through the ramifications of this unprecedented situation. As recently as Wednesday, Austin Public Health stated that ‘there’s no evidence that closing SXSW or any other gathering will make the community safer.’ However, this situation evolved rapidly, and honor and respect the City of Austin’s decision. We are committed to do our part to help protect our staff, attendees and fellow Austinites.”

It was revealed on Tuesday (March 10) that ticket buyers will not receive refunds due to their strict no refund policy.

It was also confirmed on Tuesday (March 10) that Coachella will be postponed until October.